Bitnet

Bitnet is a blockchain platform launched on July 14, 2023. It is designed to bridge the foundational principles of Bitcoin’s trustlessness and decentralisation with the technological advancements of Ethereum. Bitnet's goal is to overcome the limitations and challenges that have prevented Ethereum and other blockchain projects from surpassing Bitcoin's leading market position. It combines Bitcoin's approach of an equitable launch with Ethereum’s capabilities in smart contracts, scalability, and interoperability, while also integrating its own technological enhancements.

Bitnet is used to provide a secure, decentralised financial system that incorporates the strengths of both Bitcoin and Ethereum. It aims to address the issues of centralisation and governance that have been contentious in Ethereum's development while maintaining a commitment to decentralised principles. The platform is tailored to support advanced blockchain functionalities including smart contracts, enhanced scalability, and improved interoperability among different blockchain systems. This combination intends to offer a new standard in blockchain technology, potentially realigning the competitive landscape in favour of a more integrated and efficient approach.

**The official Bitnet ticker is “BTN” and trades under that name on all the exchanges where it has been listed. The designation “BITN” is for CryptoCompare.com only.*